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Saturday, July 9, 2016

Another financial crisis? Soaring global debt since 2008 raises risk as world economy sputters

In Greece, the flashpoint of Europe's initial government debt crisis in 2009, debt woes have remained so onerous for local banks that "if you're any kind of business, you can't get a loan," Rogoff said. That further starves the economy. In Italy ...


READ THE ORIGINAL POST AT touch.latimes.com